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Hennessy Bowie & Co has been practising in Bishopbriggs for some twenty five years, principally in the areas of domestic conveyancing, commercial conveyancing, commercial leasing, executries and matters relating to care for the elderly,

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Housing supply back on the increase

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Last month saw an increase of nearly 10% in the supply of houses coming on to the market, according to the National Association of Estate Agents (NAEA).

Figures from the NAEA September Housing Market Report showed a leap in properties entering the market, up from an average of 52 in August to 57 in September - putting a halt to four consecutive months of decline since April 2013.

NAEA members also reported a drop in the number of house hunters registering with agents, down from a recent high of 322 in August to 314 in September. But house sales kept steady with the average number of sales agreed remaining the same in September as it was in August at an average of nine per branch, suggesting that those house hunters who were active in the market were serious in their pursuit for a home.

First Time Buyers (FTBs) also remained strong with one in four of all properties sold by NAEA members being sold to first timers. With the economy strengthening and competitive mortgage products readily available many house hunters were up-sizing rather than down-sizing. Nearly a third of all properties sold in September were due to house buyers wanting to up-size from their existing property, whereas, only a quarter were looking to down-size.

Contact Us

If you are looking to buy or sell a house in Bishopbriggs or Lenzie, then contact our estate agents and property lawyers today. To make an online enquiry please click here or call us on 0141 775 0005

Hennessy Bowie & Co has been practising in Bishopbriggs for some twenty five years, principally in the areas of domestic conveyancing, commercial conveyancing, commercial leasing, executries and matters relating to care for the elderly.

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